PayPal (NASDAQ) announced its Q1 results, reporting EPS $0.88 and $6.5 billion in revenue. These numbers are consistent with consensus estimates. The revenue growth was 7% over the previous year (and 8% when viewed on an FX neutral basis). The growth rate was 15% excluding eBay (NASDAQ:). The total payment volume (TPV), a measure of the value of all payments, grew by 13% over the previous year (and 15% when viewed on an FXN basis) and reached $323.0 Billion.

The consensus estimate for Q2 non-GAAP earnings per share is $0.86. The net revenue growth rate is expected to rise by 9%. It is not expected to exceed 14% if you exclude eBay.

The consensus estimate for EPS is $4.63. However, the company projects EPS to be in the $3.81-3.93 range. The full-year revenue growth rate is estimated to range from 11%-13%. Expected TPV growths of approximately 13%-15% and around 15%-17% for FXN.

PayPal’s shares rose by 3 percent following these results. However, they were 57% lower year-to-date when the results came in.

By Davit Kirakosyan